(From TheEconomist.com):

“DON’T ask the barber if you need a haircut—and don’t ask an academic if what he does is relevant.” So wrote Nassim Nicholas Taleb in his 2007 book, “The Black Swan”. The trouble for academics, particularly those who teach business, is that companies seem to be posing that awkward question more and more; and then coming up with an even more discomfiting answer.

Firms looking to put their managers through development programmes are increasingly creating their own, rather than relying on business schools, consulting firms and the like. Companies are not only spending more of their training budgets in-house but are setting up their own “corporate universities”.  CONTINUE READING HERE